Canaccord Genuity Trims Secure Energy Services Inc (SES) Target Price to C$11.00

Secure Energy Services Inc (TSE:SES) had its price objective reduced by Canaccord Genuity from C$13.25 to C$11.00 in a research note issued to investors on Tuesday, July 11th.

SES has been the subject of a number of other research reports. Royal Bank Of Canada reduced their price objective on Secure Energy Services from C$14.00 to C$13.00 and set an outperform rating for the company in a research note on Wednesday, May 3rd. Scotiabank restated a sector perform rating and issued a C$13.50 price objective on shares of Secure Energy Services in a research note on Tuesday, April 18th. Finally, Raymond James Financial, Inc. reiterated a strong-buy rating and set a C$13.15 price target on shares of Secure Energy Services in a research note on Tuesday, April 18th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of Buy and an average target price of C$12.81.

Secure Energy Services (SES) traded down 3.64% on Tuesday, hitting $8.20. 128,397 shares of the stock traded hands. Secure Energy Services has a 12-month low of $7.61 and a 12-month high of $12.04. The stock’s market capitalization is $1.34 billion. The company’s 50 day moving average price is $8.70 and its 200-day moving average price is $9.70.

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The firm also recently declared a monthly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st will be issued a $0.021 dividend. The ex-dividend date is Friday, July 28th. This represents a $0.25 annualized dividend and a dividend yield of 2.96%. This is a boost from Secure Energy Services’s previous monthly dividend of $0.02.

In other Secure Energy Services news, insider Daniel Steinke sold 5,093 shares of the firm’s stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of C$8.06, for a total value of C$41,049.58.

Secure Energy Services Company Profile

Secure Energy Services Inc, an energy services company, provides specialized services to upstream oil and natural gas companies operating in the Western Canadian Sedimentary Basin and North Dakota. The company’s Processing, Recovery and Disposal (PRD) division assists upstream oil and natural gas companies with the treatment and sale of crude oil, as well as the treatment, recycling, and disposal of by-products associated with oil and natural gas development and production.

Analyst Recommendations for Secure Energy Services (TSE:SES)

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